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ANAROCK partners HVS for consultancy services in hospitality sector

Press Trust of India  |  New Delhi 

Property ANAROCK today said it has partnered with to tap opportunities in the hospitality sector as part of its expansion plan.

is a leading global for hospitality sector and helps companies in financing, developing, owning, or operating a hospitality property. It has a team of more than 300 people with over 50 offices across the world.

Announcing the partnership, ANAROCK said it has formed a new vertical ANAROCK that will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and throughout

ANAROCK will be the of this new verical and a new will be appointed soon. Shobhit Agarwal, MD and - ANAROCK Capital, will the transactions vertical at

Earlier this month, ANAROCK announced merger of with itself to start a It created a separate vertical

On the tie-up, Stephen Rushmore Jr, President and - HVS, said: "Together we foresee rapid expansion in the region and will be able to tap into more resources to serve our clients better than ever."

has had more than two decades of exposure in the country, he said, adding that the partnership with ANAROCK will help increase HVS India's revenues by up to 75 per cent over the next two years.

Puri said the creation of the new vertical is part of the company's plan of rapid expansion in terms of both geographies and verticals.

"HVS is the leading global hospitality player, and we have aligned our synergies to tap into this market in and beyond. Tourism in is growing by over 15 per cent annually, and the launch of coincides with some of the most exciting times for the Indian hospitality industry," Puri said.

ANAROCK was formed last year by Anuj Puri, former and country of Puri quit JLL in February 2017 after serving 10 years in the company and then later acquired the residential brokerage arm of

With a growing team of 1,500 professionals, ANAROCK operates in key property markets like Mumbai, Chennai, Bengaluru, Gurgaon, Noida, Ghaziabad, Hyderabad, Kolkata, Pune and also has international presence in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 11:30 IST
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